Sony Computer Entertainment has unveiled the new PlayStation 3 entertainment system, featuring a streamlined form factor with a 120 GB hard drive. The new PS3 has been completely redesigned, achieving a much slimmer and lighter body. Power consumption is also cut to two-thirds, helping to reduce fan noise. With a compact body. and casual appearance; the newly introduced model will appeal to a wider audience who are looking to buy the best entertainment system for their home. The new PS3 continues to offer features such as the ability to enjoy high-definition Blu-ray disc (BD) movies and games, as well as various content and services downloadable through the network. The new PS3's storage size has increased to 120GB.